the government spend too much. when people are asked about deficit reduction, one of the things they always say, tax the wealthy, obviously that doesn't come at their experience for the vast majority of americans. it will be very interesting to see if we hit the sequester how it will play out in terms of the markets and real world effect of these cuts, layoffs and how the public reacts and how the politics of this plays out. bill: john boehner says the senate has to make the first move. they made the first move. they didn't vote on the idea yesterday but made it public. you have to think it was dead on arrival as we mentioned a moment ago. mitch mcconnell called it a political stunt. >> what makes this even more troubling just real quickly is the fact that the tax cuts go into effect immediately but a lot of the spending cuts don't go into effect until 2015. tax increases, rather. so i mean this is what the republicans say happens all the time. tax increases happen now with the promise of spending cuts that can hap